Categories AlphaGraphs, Earnings, Technology

IBM Q1 Earnings: Key quarterly numbers and other highlights

Technology giant IBM (NYSE: IBM) on Monday released its first quarterly report under new CEO Arvind Krishna, at a time when the industry is passing through an era of unprecedented turmoil.

In the first quarter of 2020, adjusted earnings dropped to $1.84 per share from $2.25 per share in the corresponding period of last year, but topped the estimates. The unimpressive bottom-line performance reflects a 3% decline in revenues to $17.6 billion.

IBM Q1 2020 earnings infographic

IBM’s stock has been on the recovery path since mid-March, after being battered by the market selloff spurred by the COVID-19 outbreak. The shares, which lost about 11% since the beginning of the year, closed Monday’s regular session higher. However, they slipped into the negative territory during the after-hours following the earnings announcement.

  • IBM Q2 profit rises 4% beats estimates
  • IBM stock falls ahead of Q2 earnings

[irp posts=”53484″]

Most Popular

Key highlights from Hormel Foods’ (HRL) Q1 2024 earnings results

Hormel Foods Corporation (NYSE: HRL) reported first quarter 2024 earnings results today. Net sales were $3 billion, up 1% from the same period last year. Net earnings attributable to Hormel

HP Earnings: All you need to know about HP Inc.’s Q1 2024 earnings results

HP Inc. (NYSE: HPQ) reported first quarter 2024 earnings results today. Net revenue of $13.2 billion was down 4.4% from the same period a year ago. GAAP net earnings were

CRM Earnings: Salesforce Q4 2024 profit and revenue beat estimates

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) reported higher earnings and revenues for the fourth quarter of 2024. The results also topped expectations. Fourth-quarter profit, excluding non-recurring items, increased

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top